Clean Energy to Provide the 'Show Me State' with the Benefits of Natural Gas Fuel
September 06 2013 - 6:01AM
Business Wire
Clean Energy Fuels Corp. (Nasdaq: CLNE) has been
awarded multiple natural gas fuel agreements in the state of
Missouri over the last few weeks including yesterday's
approval by the City Council of Kansas City, Mo., to provide
compressed natural gas (CNG) for the city's fleet of natural gas
vehicles (NGVs). Below are the highlights of the agreements:
City of Kansas City, Mo.
- Clean Energy plans to build, own and
operate a public-access CNG station to service the city’s fleet of
more than 265 light-, medium-, and heavy-duty NGVs with the
expectation that this NGV fleet will grow to more than 400.
- This station is projected to supply
over 1 million gasoline-gallon-equivalents (GGEs) of CNG per year
within the first three years of operation which is estimated to
reduce 2,107 metric tons of greenhouse gas (GHG) emissions per
year, the equivalent of removing approximately 435 passenger cars
from the road annually.
- The station will be located at 5300
Municipal Ave., Kansas City, MO 64120.
City of Columbia, Mo.
- Clean Energy plans to build, own and
operate a public-access CNG station located at the critical midway
point between Kansas City and St. Louis, Mo., necessary to complete
the I-70 CNG corridor between these two cities.
- The station is scheduled to serve
Columbia’s fleet of 30 NGVs which consists of refuse trucks,
transit buses and medium-duty vehicles in addition to DART
Trucking’s fleet of heavy-duty CNG trucks.
- The station is projected to supply
500,000 GGEs of CNG per year, a figure which is expected to
increase as Columbia’s vehicle replacement schedule continues to
favor NGVs. Approximately 1,053 metric tons of the GHG emissions
are forecasted to be reduced each year, the equivalent of removing
approximately 217 passenger cars from the road annually.
- The station will be located at 1900
Lake Ridgeway Dr., Columbia, MO 65202.
Lee’s Summit School District, Lee’s Summit, Mo.
- Clean Energy is building and will own
and operate a public-access CNG station to serve the Lee’s Summit
School District’s fleet of 140 CNG buses, which is believed to be
the largest school bus fleet conversion to CNG in the nation.
- Projected fuel and maintenance cost
savings to the district is expected to be approximately $11 million
over the next ten years, much of which is expected to be used to
purchase technology and related equipment for the children of Lee’s
Summit
- The station is forecasted to supply
approximately 600,000 GGEs annually, reducing an estimated 1,264
metric tons of GHG each year, approximately the equivalent of
removing 261 passenger cars from the road annually.
- The station will be located at 500 S.E.
Transport Dr., Lee’s Summit, MO 64081.
About Clean Energy Fuels Corp.
Clean Energy Fuels Corp. (Nasdaq: CLNE) is the largest provider
of natural gas fuel for transportation in North America. We build
and operate compressed natural gas (CNG) and liquefied natural gas
(LNG) fueling stations; manufacture CNG and LNG equipment and
technologies for ourselves and other companies and develop
renewable natural gas (RNG) production facilities. For more
information, visit www.cleanenergyfuels.com.
Forward-Looking Statements
This news release contains forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934 that
involve risks, uncertainties and assumptions, including statements
about the deployment of natural gas vehicles, the amount of natural
gas fuel expected to be consumed by new and existing customers, the
benefits of natural gas relative to diesel fuel, and expectations
about the future adoption of natural gas as a vehicle fuel. Actual
results and the timing of events could differ materially from those
anticipated in these forward-looking statements as a result of
several factors, including, but not limited to, the performance,
availability and benefits of natural gas trucks relative to
gasoline and diesel trucks, the number of natural gas vehicles
deployed by our customers and the price per gallon of natural gas
fuel relative to diesel and gasoline. The forward-looking
statements made herein speak only as of the date of this press
release and, unless otherwise required by law, the Company
undertakes no obligation to publicly update such forward-looking
statements to reflect subsequent events or circumstances.
Additionally, the reports and other documents the Company files
with the SEC (available at www.sec.gov) contain risk factors, which
may cause actual results to differ materially from the
forward-looking statements contained in this news release.
Clean Energy Fuels Media Contact:Patric Rayburn,
949-437-1411Public Relations
Managerpatric.rayburn@cleanenergyfuels.comorClean Energy
Investor Contact:Tony Kritzer, 949-437-1403Director, Investor
Relationstkritzer@cleanenergyfuels.com
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